Price to Rent Ratio
Lower numbers are better for prospective homebuyers. For example, a $500,000 home would rent for 4,200 ($50k per year) at a 10 to 1 ratio, recuperating its value in 10 years. At 30 to 1, a $500,000 home would rent at $1,400.
Lower numbers are better for prospective homebuyers. For example, a $500,000 home would rent for 4,200 ($50k per year) at a 10 to 1 ratio, recuperating its value in 10 years. At 30 to 1, a $500,000 home would rent at $1,400.